China exports surge 5.8% in June as business rush through orders during U.S. tariff reprieve

Exports increased by 5.8 % from the previous year, an increase of 4.8 % in May. The imports also stumbled, as they increased by 1.1 % in the first increase so far this year, according to the customs data issued on Monday.

Exports to the United States fell 16 %, but that was less than half a decrease of 34.5 % in May.

After US president Donald Trump imposed a tariff of up to 245 % on imports from China and Beijing responded to his sharp import duties, the two sides agreed to the truce to allow time to conversations.

Other retailers and importers who stopped shipments of shoes, clothes, games and other things due to new definitions, then resumed imports from China.

However, the initial discussions between the two sides have not yet made significant progress and sudden changes in politics have sparked uncertainty for companies trying to plan for the future.

Meanwhile, the Trump administration has prepared the tariffs on imports from China by 30 %, pending a date on August 12 to return to the high tariff Washington and Beijing delayed at the present time.

The recovery in trade is expected to help enhance economic growth in the quarter from April to June. The Chinese government is scheduled to reach these numbers on Tuesday.

However, the expectations are less optimistic, as Zichun Huang pointed out of the capital economics, noting that “the customs tariff is likely to remain high and Chinese manufacturers face increasing restrictions on their ability to expand the global market rapidly by lowering prices.

“We expect export growth to slow down during the coming quarters, and weighs economic growth,” Huang said in a report.

Data for the first six months of the year showed that while the trade war with the United States increased after Trump returned to the White House, global trade continued in China.

The total trade, including exports and imports, reached a record number more than 20 trillion yuan ($ 2.8 trillion), as Chinese companies have diversified production and export markets abroad. The world trade surplus in China in the first half of the year was $ 586 billion.

Exports to Southeast Asia grew by 13 % year -on -year in January to June, with shipments to Thailand increased by 22 %, to Vietnam by approximately 20 % and India over 18 %.

Trade with Europe was also fast, as 6.6 % climbed in the first half of the year.

But car exports decreased after the European Union imposed a higher tariff on Chinese electric cars, which led to the sinking of nearly 38 % from the previous year. Car parts exports have decreased more than 23 %.